Manila, April 26 -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Friday maintained that the central bank's policy stance remains appropriate and risks to inflation remain even this 2019.
In his speech during the First Quarter 2019 inflation report briefing at the BSP, Diokno said domestic inflation rate is easing and growth dynamics remains firm.
These are seen to counter the impact of a weaker global growth outlook and the rising global crude oil prices.
Diokno noted that while several major central banks indicated more accommodative stance as a result of the slower global economic activities their counterparts from developing economies and emerging markets "have been stirred by challenging external conditions amid trad...